IDFC First Bank

IDFC Limited was set up in 1997 by Government of India to finance infrastructure projects in India.{{Cite book |last=Bhagwati |first=Jaimini |url=https://csep.org/wp-content/uploads/2022/01/Insolvency-and-Bankruptcy-Code-IBC.pdf |title=Insolvency and Bankruptcy Code (IBC) and Long-Term Bulk Lending in India |date=January 2022 |publisher=Centre for Social and Economic Progress, New Delhi |year=2022 |pages=6 |language=en |ref=CSEP Working Paper-21}} With time, the company diversified into asset management, institutional broking and investment banking.

In 2005, The Government of India and IDBI Bank, a public sector bank were the sponsor shareholders of IDFC. The government brought down its stake to 34.91% through IDFC's initial public offering in 2005.{{Cite news |last=Tiwari |first=Dheeraj |date=2015-04-22 |title=Government may sell stakes in IDFC, Tata Communications via ETF route |url=https://economictimes.indiatimes.com/news/economy/finance/government-may-sell-stakes-in-idfc-tata-communications-via-etf-route/articleshow/47007330.cms |access-date=2025-03-03 |work=The Economic Times |issn=0013-0389}}

In 2014, the Reserve Bank of India granted in-principle approval to IDFC Limited to set up a new bank in the private sector.{{Cite news |title=RBI grants in-principle approval to IDFC, Bandhan for new bank licences |work=The Economic Times |url=https://economictimes.indiatimes.com/news/economy/policy/rbi-grants-in-principle-approval-to-idfc-bandhan-for-new-bank-licences/articleshow/33137000.cms?from=mdr |access-date=2022-12-12}} Following this, the IDFC Limited divested its infrastructure finance assets and liabilities to a new entity - IDFC Bank. The bank was launched through this demerger from IDFC Limited, and it was officially inaugurated by the Prime Minister of India Narendra Modi in October 2015.{{Cite web |last=PTI |date=2015-10-19 |title=Narendra Modi inaugurates IDFC Bank, talks of banking reforms |url=https://www.livemint.com/Industry/j297AiEAvv8KzEEC8htTdI/Narendra-Modi-inaugurates-IDFC-Bank-talks-of-banking-reform.html |access-date=2022-12-12 |website=mint |language=en}}{{cite news |date=2015-10-19 |title=PM inaugurates IDFC Bank | Business Standard News |url=http://www.business-standard.com/article/government-press-release/pm-inaugurates-idfc-bank-115101901137_1.html |access-date=2016-10-15 |newspaper=Business Standard India |publisher=Business-standard.com}}

IDFC Bank started operations on 1 October 2015.{{cite news |last1=Saha |first1=Manojit |date=2015-07-25 |title=IDFC Bank to start operations from Oct 1 | Business Standard News |newspaper=Business Standard India |publisher=Business-standard.com |url=http://www.business-standard.com/article/companies/idfc-bank-to-start-operations-from-oct-1-115072400934_1.html |access-date=2016-10-15}}{{cite web|url=http://www.moneycontrol.com/news/business/idfc-bk-to-start-opsfew-branches-by-oct-1-rajiv-lall_1353937.html |title=IDFC Bk to start ops with few branches by Oct 1: Rajiv Lall |publisher=Moneycontrol.com |date=2015-04-12 |access-date=2016-10-15}} The parent entity, IDFC Limited, retained the asset management, institutional broking and infrastructure debt fund businesses through IDFC Financial Holding Company Limited (IDFC FHCL).{{Cite web |last=Gopakumar |first=Gopika |date=2021-07-21 |title=IDFC can exit as promoter of IDFC First Bank, clarifies RBI |url=https://www.livemint.com/industry/banking/rbi-allows-idfc-to-exit-as-promoter-of-idfc-first-bank-11626875817855.html |access-date=2022-12-12 |website=mint |language=en}}

IDFC Bank faced challenges due to bad loans from legacy infrastructure accounts. A planned merger with the Shriram Group was called off. By September 2017, the bank's deposits totaled {{INR}}38,890 crore, with a CASA ratio of just 8.2%.{{Cite news |last=Iyer |first=Aparna |date=15 January 2018 |title=IDFC Bank, Capital First merger: will the shoe fit this time? |url=https://www.livemint.com/Money/cCCvBnaKy51EjcLGhJMeBL/IDFC-Bank-Capital-First-merger-will-the-shoe-fit-this-time.html |access-date=29 October 2024 |work=Mint}}

In January 2018, IDFC Bank and MSME financing company Capital First announced a merger.{{Cite book |last=Tadas |first=G. A. |url=https://www.ris.org.in/sites/default/files/Publication/DP%20254%20G%20A%20Tadas.pdf |title=Need for Setting Up of a New Development Bank (RIS-DP #254) |date=August 2020 |publisher=Research and Information System for Developing Countries |year=2020 |edition= |location=New Delhi, India |pages=7 |language=English}} Capital First was founded as Future Capital Holdings under the Future Group, and was acquired by Warburg Pincus and V. Vaidyanathan in 2012.{{cite news |title=Future Group sells Future Capital Holdings to Warburg Pincus for Rs 800 cr |url=https://economictimes.indiatimes.com/industry/banking/finance/future-group-sells-future-capital-holdings-to-warburg-pincus-for-rs-800-cr/articleshow/13832093.cms |access-date=12 December 2024 |work=The Economic Times |date=5 June 2012}}{{Cite web |last=Kalbag |first=Chaitanya |date=2012-07-03 |title=V. Vaidyanathan takes wing with a $17 million stake in a star NBFC |url=https://www.businesstoday.in/magazine/features/story/v-vaidyanathan-behind-future-capital-deal-34539-2012-07-03 |access-date=2023-08-03 |website=Business Today |language=en}} As per a September 2017 stock filing, Capital First had a retail loan portfolio of {{INR}}229.7 billion.{{Cite news |last=Roy |first=Anup |date=13 January 2018 |title=IDFC Bank to merge with Capital First, Vaidyanathan to succeed Lall |url=https://www.business-standard.com/article/companies/idfc-bank-to-merge-with-capital-first-vaidyanathan-to-succeed-lall-118011300405_1.html |access-date=29 October 2024 |work=Business Standard}} 139 shares of IDFC Bank were issued for every 10 shares of Capital First as part of the merger share swap.{{Cite web |last=sundarajan |first=Priya |date=2018-01-13 |title=IDFC Bank to take over Capital First in share swap deal |url=https://www.thehindubusinessline.com/money-and-banking/idfc-bank-capital-first-to-merge-in-share-swap-deal/article64296887.ece |access-date=2022-12-12 |website=www.thehindubusinessline.com |language=en}}

The merger completed in December 2018, with IDFC Bank changing its name to IDFC First Bank.{{cite news |last1=Sinha |first1=Shilpy |title=IDFC, Capital First completes merger process to form IDFC First Bank |newspaper=The Economic Times |publisher=eonomictimes.com |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/idfc-capital-first-completes-merger-process-to-form-idfc-first-bank/articleshow/67149838.cms?from=mdr}}{{Cite web |title=Capital First merges with IDFC Bank to create IDFC First Bank |url=https://www.moneycontrol.com/news/business/capital-first-merges-with-idfc-bank-to-create-idfc-first-bank-3305581.html |access-date=2022-12-12 |website=Moneycontrol |date=18 December 2018 |language=en}} Vaidyanathan took over as the MD and CEO of the merged entity. The Reserve Bank of India approved his appointment for a period of three years, effective from 19 December 2018.{{Cite web |title=RBI approves appointment of V Vaidyanathan as MD, CEO of IDFC First Bank |url=https://www.moneycontrol.com/news/business/rbi-approves-appointment-of-v-vaidyanathan-as-md-ceo-of-idfc-first-bank-3409961.html |access-date=2022-12-12 |website=Moneycontrol |date=18 January 2019 |language=en}}

The bank transitioned from infrastructure financing to retail banking in four years since the merger. Its CASA ratio increased from 8.6% to 49.77% and retail deposits went up from 27% to 76% of total deposits, as of March 2023.{{Cite news |date=2023-05-02 |title=IDFC FIRST Bank FY23 Profit After Tax Highest-Ever at Rs. 2,437 |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/press-releases/2023-05-02/idfc-first-bank-fy23-profit-after-tax-highest-ever-at-rs-2-437 |access-date=2023-06-21}}{{Cite news |last1=Shukla |first1=Saloni |last2=Rangan |first2=MC Govardhana |title=IDFC First Bank's transformation to retail complete; NPA woes behind, says CEO V Vaidyanathan |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/banking/finance/banking/idfc-first-banks-transformation-to-retail-complete-npa-woes-behind-says-ceo-v-vaidyanathan/articleshow/95387208.cms |access-date=2022-12-12}}

In July 2023, the board of the bank approved the merger with IDFC Limited.{{Cite news |date=2023-07-03 |title=India's IDFC to merge with IDFC First Bank in latest consolidation |language=en |work=Reuters |url=https://www.reuters.com/world/india/idfc-first-bank-merge-with-idfc-2023-07-03/ |access-date=2023-07-04}}{{Cite news |date=2023-07-03 |title=IDFC to merge with IDFC First Bank |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/idfc-to-merge-with-idfc-first-bank/article67038447.ece |access-date=2023-07-04 |issn=0971-751X}} After receiving clearance from the Competition Commission of India{{Cite web |last=Livemint |date=2023-10-17 |title=IDFC gets CCI nod for merger with IDFC First Bank |url=https://www.livemint.com/news/idfc-gets-cci-nod-for-merger-with-idfc-first-bank-11697547716386.html |access-date=2023-10-25 |website=mint |language=en}} and the Reserve Bank of India,{{Cite web |last=Bhattacharya |first=Shubhayan |date=2023-12-18 |title=IDFC First Bank Gets RBI Nod For Merger Of IDFC, IDFC Financial Holding With Self |url=https://www.ndtvprofit.com/economy-finance/idfc-first-bank-gets-rbi-nod-for-merger-of-idfc-idfc-financial-holding-with-self |access-date=2023-12-26 |website=NDTV Profit |language=en}} the merger proposal was approved by the National Company Law Tribunal in May 2024. The proposal, endorsed by the bank's shareholders and NCD holders, involved two steps–IDFC FHCL merging with IDFC Limited, followed by IDFC Limited merging into IDFC First Bank.{{Cite web |last=PTI |date=2024-05-18 |title=Debt, equity holders approve merger of IDFC with IDFC First Bank |url=https://www.thehindubusinessline.com/money-and-banking/debt-equity-holders-approve-merger-of-idfc-with-idfc-first-bank/article68190758.ece |access-date=2024-06-25 |website=BusinessLine |language=en}}{{Cite web |date=2024-05-18 |title=Majority shareholders of IDFC First Bank approves amalgamation of IDFC Ltd with lender |url=https://www.businesstoday.in/latest/corporate/story/majority-shareholders-of-idfc-first-bank-approves-amalgamation-of-idfc-ltd-with-lender-430065-2024-05-18 |access-date=2024-06-25 |website=Business Today |language=en}}

On 1 October 2024, IDFC Limited merged with the bank.{{Cite web |date=2024-09-27 |title=IDFC FIRST Bank announces completion of IDFC Ltd merger |url=https://www.financialexpress.com/business/banking-finance-idfc-first-bank-announces-completion-of-idfc-ltd-merger-3624348/ |access-date=2024-10-15 |website=Financialexpress |language=en}} As a result of the merger, 155 equity shares of the bank were allotted for every 100 equity shares of IDFC Limited held by each shareholder in the latter.{{Cite web |last=Deshpande |first=Swapnil |date=2024-09-27 |title=IDFC First Bank completes merger with IDFC Limited - CNBC TV18 |url=https://www.cnbctv18.com/market/idfc-first-bank-completes-merger-with-idfc-ltd-19484050.htm |access-date=2024-10-15 |website=CNBCTV18 |language=en}}

On 22 February 2023, IDFC Limited announced that it would invest {{INR}}2,200 crore in the bank, increasing its stake in the bank up to 40% from 36.38%.{{Cite web |last=Reporter |first=B. S. |date=2023-02-01 |title=IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank, up its stake to 40% |url=https://www.business-standard.com/article/finance/idfc-plans-to-invest-nearly-rs-2-200-crore-in-idfc-first-bank-123020101406_1.html |access-date=2023-02-23 |website=www.business-standard.com |language=en}} Also, on 22 February 2023, the bank issued 12,03,745 equity shares to its employees under the company ESOP plan.{{Cite web |title=IDFC First Bank allots shares worth Rs 1.2 cr to employees as stock options |url=https://www.freepressjournal.in/business/idfc-first-bank-allots-shares-worth-rs-12-cr-to-employees-as-stock-options |access-date=2023-02-23 |website=Free Press Journal |language=en}}

On 12 September 2023, US-based GQG Partners acquired an additional 5.1 crore shares, equivalent to a 0.76% stake, from V. Vaidyanathan in a block deal conducted on the stock exchange. As a result, GQG Partners' ownership in the bank rose to 3.36%.{{Cite web |title=IDFC First Bank rises 2% on Rs 479.5-cr block deal with GQG Partners |url=https://www.moneycontrol.com/europe/news/business/markets/idfc-first-bank-rises-2-on-rs-479-5-cr-block-deal-with-gqg-partners-11345731.html |access-date=2023-09-14 |website=Moneycontrol}}{{Cite web |title=US-based GQG Partners ups IDFC First Bank stake, acquires shares from CEO V. Vaidyanathan |url=https://www.telegraphindia.com/business/us-based-gqg-partners-ups-idfc-first-bank-stake-acquires-shares-from-ceo-v-vaidyanathan/cid/1965600 |access-date=2023-09-14 |website=www.telegraphindia.com |language=en}}

In July 2024, Life Insurance Corporation raised its stake in the bank to 2.68% by purchasing shares of the lender at Rs 80.63 each, with a total acquisition cost of {{INRConvert|1500|c|lk=off|year=2024}}.{{Cite news |last= |first= |date=2024-07-04 |title=LIC raises stake in IDFC First Bank to 2.68% |url=https://www.thehindu.com/business/lic-raises-stake-in-idfc-first-bank-to-268/article68367906.ece |access-date=2024-10-29 |work=The Hindu |language=en-IN |issn=0971-751X}}

File:IDFC First Bank Prabhadevi Branch.jpg, Mumbai]]

As of November 2022, the bank had 809 branches, 249 asset service centres, 925 ATMs, and 606 rural business correspondent centres across the country.{{Cite news |last=Market |first=Capital |date=2022-11-05 |title=IDFC First Bank gets board approval to raise Rs 4,000 cr |work=Business Standard India |url=https://www.business-standard.com/article/news-cm/idfc-first-bank-gets-board-approval-to-raise-rs-4-000-cr-122110500178_1.html |access-date=2022-12-12}}{{Cite web |last=Korgaonkar |first=Deepak |date=2023-06-15 |title=IDFC First Bank at over 6-yr high; zooms 47% in 2 months on stable outlook |url=https://www.business-standard.com/markets/news/idfc-first-bank-at-over-6-yr-high-zooms-47-in-2-months-on-stable-outlook-123061500275_1.html |access-date=2023-06-21 |website=www.business-standard.com |language=en-US}}{{Cite web |last=Kayastha |first=Anshika |date=2023-08-08 |title=Want to stay on the pitch for long, not hit sixes and fours: IDFC First Bank MD |url=https://www.thehindubusinessline.com/money-and-banking/want-to-stay-on-the-pitch-for-long-not-hit-sixes-and-fours-idfc-first-bank-md/article67172365.ece |access-date=2023-09-03 |website=BusinessLine |language=en}}

File:IDFC First Bank HSR Layout Sector 1 Branch.jpg, Bangalore]]

The bank provides products and services related to retail banking, wholesale banking and investment banking.{{Cite web |title=Home loans are our biggest driver and they'll keep growing: V Vaidyanathan, MD & CEO, IDFC First Bank |url=https://www.financialexpress.com/industry/banking-finance/home-loans-are-our-biggest-driver-and-theyll-keep-growing-v-vaidyanathan-md-ceo-idfc-first-bank/2515715/ |access-date=2022-12-12 |website=Financialexpress |date=7 May 2022 |language=en}}{{Cite news |last=Kulkarni |first=Sneha |title=IDFC First Bank revises savings account interest rate: Earn up to 6% interest rates on this amount |work=The Economic Times |url=https://economictimes.indiatimes.com/wealth/invest/idfc-first-bank-revises-savings-account-interest-rate-earn-up-to-6-interest-rates-on-this-amount/articleshow/90486743.cms |access-date=2022-08-10}}{{Cite web |title=IDFC First Bank to give 7% interest on savings account opened through video KYC |url=https://www.financialexpress.com/industry/banking-finance/idfc-first-bank-to-give-7-interest-on-savings-account-opened-through-video-kyc/1972969/ |access-date=2022-08-10 |website=Financialexpress |date=28 May 2020 |language=en}}{{Cite web |title=Interest rate on Savings account up to 6% p.a. {{!}} IDFC FIRST Bank |url=https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate#:~:text=Bank%20interest%20rates%20on%20Savings%20Account&text=We%20offer%20one%20of%20the,of%20up%20to%206%25%20p.a.&text=What%27s%20more,%20you%20earn%20this,out%20this%20interest%20every%20month. |access-date=2022-08-10 |website=www.idfcfirstbank.com}}

In 2017, IDFC Bank launched an Aadhaar-linked cashless merchant solution.{{Cite news |last=K.R.Srivats |date=2017-03-07 |title=IDFC Bank takes the lead, launches Aadhaar Pay |language=en |work=The Hindu Business Line |url=http://www.thehindubusinessline.com/money-and-banking/idfc-bank-takes-the-lead-launches-aadhaar-pay/article9574037.ece |access-date=2017-03-09}}{{Cite news |title=IDFC Bank launches aadhaar-linked cashless merchant solution – The Economic Times |newspaper=The Economic Times |url=http://economictimes.indiatimes.com/industry/banking/finance/banking/idfc-bank-launches-aadhaar-linked-cashless-merchant-solution/articleshow/56170045.cms |access-date=2017-01-17}}

The bank became a member of the Open Network for Digital Commerce in September 2022. Subsequently, it began enrolling small merchants, who are existing customers with current accounts, onto a partner application registered with ONDC.{{Cite web |last=Livemint |date=2022-09-07 |title=IDFC First Bank joins ONDC |url=https://www.livemint.com/companies/news/idfc-first-bank-joins-ondc-11662529730670.html |access-date=2023-07-13 |website=mint |language=en}}{{Cite web |date=2022-09-07 |title=IDFC First Bank joins ONDC — what does it mean for you? |url=https://www.cnbctv18.com/retail/idfc-first-bank-joins-e-commerce-network-ondc--what-does-it-mean-for-you-14674781.htm |access-date=2023-07-13 |website=cnbctv18.com |language=en}} In 2023, it launched central bank digital currency under the guidance of the RBI.{{Cite news |last=Ray |first=Anulekha |date=2022-11-09 |title=RBI CBDC: Digital Rupee pilot starts from November 1; SBI, HDFC, 7 other banks to participate in wholesale launch |work=The Economic Times |url=https://economictimes.indiatimes.com/wealth/save/rbi-cbdc-digital-rupee-pilot-to-start-from-november-1-sbi-hdfc-7-other-banks-to-participate/articleshow/95205659.cms |access-date=2023-07-13 |issn=0013-0389}}

The bank's rural lending portfolio consists of 60% women borrowers, as of October 2023.{{Cite web |last=Velonie |first=Ajit |last2=Sri Narayanan |first2=Subha |last3=Gupta |first3=Leena |date=9 October 2023 |title=CRISIL Rating Rationale IDFC FIRST Bank Limited |url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/IDFCFIRSTBankLimited_October%2009,%202023_RR_328451.html |access-date=2024-11-30 |website=CRISIL}} The typical loan size is ₹2-3 lakh. The portfolio has a 99.7% collection rate, a gross NPA of 1.2%, and a net NPA of 0.3%.{{Cite web |last=Sharma |first=Saurabh |date=2023-12-13 |title=BT500: 'Tragic to see rural India is most under-financed,' says IDFC First Bank MD & CEO V Vaidyanathan |url=https://www.businesstoday.in/industry/banks/story/bt500-tragic-to-see-rural-india-is-most-under-financed-says-idfc-first-bank-md-ceo-v-vaidyanathan-409360-2023-12-13 |access-date=2024-11-30 |website=Business Today |language=en}}

In South and Central India, the rural lending is led by IDFC First Bharat Limited (IFBL) which traces its roots to Grama Vidiyal, a Tamil Nadu-based public charitable trust established in 1986. In 2003, it became a microfinance institution called Grama Vidiyal Micro Finance Limited (GVMFL). In 2016, IDFC Bank acquired GVMFL, turning it into a wholly-owned subsidiary of the bank.{{Cite web |date=2016-07-25 |title=IDFC Bank buys Grama Vidiyal Micro |url=https://www.thehindubusinessline.com/specials/emerging-entrepreneurs/idfc-bank-buys-grama-vidiyal-micro/article8897929.ece |access-date=2024-03-31 |website=BusinessLine |language=en}}{{Cite web |date=2016-07-13 |title=IDFC Bank acquires Grama Microfinance |url=https://indianexpress.com/article/business/companies/idfc-bank-acquires-grama-microfinance-2910137/ |access-date=2024-03-31 |website=The Indian Express |language=en}} GVMFL later became known as IDFC First Bharat Limited.{{Cite news |last=News Service |first=PTI |author-link=Press Trust of India |date=25 October 2018 |title=IDFC Bank to be renamed as IDFC First Bank after merging with Capital First |url=https://www.business-standard.com/article/finance/idfc-bank-to-be-renamed-as-idfc-first-bank-after-merging-with-capital-first-118102501136_1.html |access-date=31 March 2024 |work=Business Standard}}

In the financial year 2024, the bank had a capital adequacy ratio of 16.82%.{{Cite web |date=2024-09-02 |title=IDFC FIRST Bank Achieves Lowest-Ever Gross NPA of 1.88% in FY24, says V Vaidyanathan |url=https://www.outlookbusiness.com/corporate/idfc-first-bank-hits-record-low-gross-npa-of-188-for-fy24-says-v-vaidyanathan |access-date=2024-10-29 |website=Outlook Business |language=en}} As of 30 September 2024, the overall gross non-performing asset (NPA) ratio is 1.92%, while the net NPA ratio is 0.48%.{{Cite news |last=Singh |first=Navdeep |date=2024-10-28 |title=IDFC First Bank shares nosedive 10%, hit 52-week low as Q2 profit plummets 73% |url=https://economictimes.indiatimes.com/markets/stocks/news/idfc-first-bank-shares-in-focus-after-q2-profit-slumps-72-yoy-to-rs-201-crore/articleshow/114675360.cms?from=mdr |access-date=2024-10-29 |work=The Economic Times |issn=0013-0389}}

In 2023, it became one of the top 10 banks in India by market capitalization.{{Cite web |last=Sultana |first=Nasrin |title=How Does IDFC First Stack Up Among India's Top 10 Most Valued Banks |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-does-idfc-first-stack-up-among-indias-top-10-most-valued-banks/88019/1 |access-date=2023-09-14 |website=Forbes India |language=en}}{{Cite web |last=Sonavane |first=Ravindra |title=IDFC First joins elite club of 10 most valuable listed banks in India |url=https://www.moneycontrol.com/europe/news/business/earnings/idfc-first-joins-elite-club-of-10-most-valuable-listed-banks-in-india-11309231.html |access-date=2023-09-14 |website=Moneycontrol}}

In 2020, the bank signed Amitabh Bachchan as its first brand ambassador.{{Cite news |last=IDFC FIRST Bank |date=11 March 2020 |title=IDFC FIRST Bank names India's iconic personality Mr. Amitabh Bachchan as Brand Ambassador |work=Press Release |url=https://www.idfcfirstbank.com/content/dam/IDFCFirstBank/in-the-press/Mr-Amitabh-Bachchan-is-brand-ambassador-of-IDFC-FIRST-Bank.pdf |access-date=21 March 2020}}

In 2023, the bank obtained the title sponsorship rights for all Board of Control for Cricket in India's international and domestic home matches.{{Cite news |last=Farooqui |first=Javed |date=2023-08-25 |title=BCCI awards title sponsorship rights to IDFC First for Rs 235 crore |work=The Economic Times |url=https://economictimes.indiatimes.com/news/sports/bcci-awards-title-sponsorship-rights-to-idfc-first-for-rs-235-crore/articleshow/103071147.cms |access-date=2023-09-03 |issn=0013-0389}}{{Cite web |date=2023-08-25 |title=IDFC FIRST Bank secures title rights for Team India's home internationals for Rs 4.2 crore per match |url=https://www.cnbctv18.com/sports/idfc-first-bank-secures-title-rights-for-team-indias-home-internationals-for-rs-42-crore-per-match-17640271.htm |access-date=2023-09-03 |website=cnbctv18.com |language=en}}

Under bank's employee-funded Ghar Ghar Ration program, the bank employees will supply ration kits to 50,000 low income customers whose livelihoods has been impacted by the pandemic.{{Cite web |title=IDFC FIRST Bank launches Customer COVID relief Ghar Ghar Ration Program |url=https://www.financialexpress.com/money/idfc-first-bank-launches-customer-covid-relief-ghar-ghar-ration-program/2269790/ |access-date=2022-12-12 |website=Financialexpress |date=11 June 2021 |language=en}} As many as 16,000 beneficiaries have been reached across Rajasthan, Madhya Pradesh, Maharashtra, Odisha, Gujarat, Karnataka, Haryana, Tamil Nadu, Andhra Pradesh, and Chhattisgarh under this program. The lender has also identified 250 vulnerable families who have lost an earning member of their family to COVID-19 with a cash relief support of ₹10,000 in a partnership with 'Give India'.{{Cite web |title=IDFC First Bank Employees to Fund Covid Relief for Customers |url=https://outlookmoney.com/health/idfc-first-bank-employees-to-fund-covid-relief-for-customers-7654 |access-date=2022-12-12 |website=Outlook Money |language=en}}

{{Commons category|IDFC FIRST Bank}}

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• {{Cite report |url=https://www.motilaloswal.com/site/rreports/HTML/635653771929326086/index.htm |title=IDFC Bank - The good old 'new bank' story |last=Mehta |first=Alpesh |last2=Kulkari |first2=Vallabh |date=22 April 2015 |publisher=Motilal Oswal |access-date=3 March 2025}}
• {{Cite journal |last=Lahiri |first=Keka |date=2016 |title=IDFC Bank's Acquisition of Grama Vidiyal Microfinance: A Win Win Deal? |url=https://www.thecasecentre.org/products/view?id=140007 |journal=Amity Research Center, Bangalore |ref=316-0429-1 |via=The Case Centre}}
• {{Cite book |last1=Biswas |first1=Debasish |last2=Pimpale |first2=Nihal |last3=Ashara |first3=Konark |chapter=Connected by Design - Our Learnings from Designing Digital Profiler Journeys: IDFC Bank Digital Experience |series=Lecture Notes in Computer Science |date=21 September 2017 |volume=10516 |title=Human-Computer Interaction – INTERACT 2017 |publisher=Springer |pages=340–343 |doi=10.1007/978-3-319-68059-0_25 |isbn=978-3-319-68058-3}}
• {{Cite journal |last=Lukose PJ |first=Jijo |date=March 2019 |title=IDFC Bank and Capital First – A Case of Merger Arbitrage |url=https://forms.iimk.ac.in/websiteadmin/FacultyPublications/Cases/3084Final%20File%20For%20Upload.pdf |journal=IIM-K Case Study |via=Indian Institute of Management Kozhikode}}
• {{Cite journal |last=Ray |first=Smita |date=2020 |title=IDFC First Bank's Technology-led Banking Services and Digital Media Promotion |url=https://www.thecasecentre.org/products/view?id=168485 |journal=IBS Case Study |publisher=ICFAI Business School Hyderabad |via=The Case Centre}}
• {{Cite journal |last=Jose Koreath |first=Jis |last2=P. Paul |first2=Kemthose |date=January 2021 |title=Corporate Social Responsibility Practices of Banks in India |url=https://www.alberts.edu.in/wp-content/uploads/2022/09/13.-Francis-M-C.pdf#page=77 |journal=Erudition - The Albertian Journal of Management |publisher=St. Albert's College |volume=15 |issue=1 |issn=0973-7839}}
• {{Cite journal |last=Kilambi |first=Abhinav |date=21 July 2021 |title=Peer Bank Benchmarking of Liquidity Risk Expeiential Learning Project |url=https://repository.nirmauni.ac.in/jspui/handle/123456789/10616 |journal=Institutional Repository @ Nirma University [DSpace] |via=Institute of Management, Nirma University}}
• {{Cite conference |last1=P. Andrews |first1=Sneha |last2=Gnanakumar |first2=Baba |date= |editor-last=PC |editor-first=Gita |editor2-last=Pradeep Kumar |editor2-first=John |title=A Study on the Fundamental Analysis of Selected Private Sector Banks Listed in NSE: HDFC Bank, IDFC First Bank, and Axis Bank |url=https://www.researchgate.net/publication/353794385 |conference=Virtual National Conference Spectrum Series 2020 |publisher=Kristu Jayanti College and Bangalore Chamber of Industry and Commerce |pages=118 |isbn=978-81-949292-3-9 |via=ResearchGate}}
• {{Cite book |url=https://books.google.com/books?id=Yw2pEAAAQBAJ&dq=%22IDFC+First+Bank%22&pg=PA14 |title=Reimagining Business Education and Industry in 2030 |publisher=Allied Publisher |year=2022 |isbn=978-9390951-21-5 |editor-last=Dhar |editor-first=Santosh |pages=24 |editor-last2=Dhar |editor-first2=Upinder |editor-last3=Jaroliya |editor-first3=Pragya}}
• {{Cite journal |last=Singh Sian |first=Harman |date=December 2022 |title=A Study on Performance Analysis of IDFC First Bank |url=https://ggscw.ac.in/Downloads/A%20Study%20on%20Performance%20Analysis%20of%20IDFC%20First%20Bank.pdf |journal=Drashta Research Journal |volume=11 |issue=44 |pages=154–165 |issn=2277-2480 |via=Guru Gobind Singh College for Women, Chandigarh}}
• {{Cite journal |last1=Mishra |first1=Pooja |last2=Guru Sant |first2=Tatavarty |date=22 February 2024 |title=Examine the level of environmental, social and governance disclosure in sustainability report – a study of the Indian banking sector |journal=International Journal of Innovation Science |publisher=Emerald Group Publishing |volume=16 |issue=2 |pages=420–442 |doi=10.1108/IJIS-08-2022-0136 |issn=1757-2223}}
• {{Cite book |last=Kumar Pandey |first=Pramod |title=Current Research in Mutual Funds and Stock Markets |last2=SR |first2=Nikhitha |publisher=Scripown Publications |year=2023 |isbn=978-93-94375-35-2 |editor-last=Mohammad Ghouse |editor-first=Syed |edition=1st |location=New Delhi |publication-date=2023 |pages=72 |chapter=A Study on Selected Bank Nifty Stocks in National Stock Exchange}}
• {{Cite journal |last=Santhosh |first=S |last2=Ramya |first2=Msr |date=April 2024 |title=A study on financial performance analysis of IDFC First Bank Limited |url=https://www.ijprems.com/uploadedfiles/paper/issue_4_april_2024/33198/final/fin_ijprems1712888776.pdf |journal=International Journal of Progressive Research in Engineering Management and Science |volume=4 |issue=4 |pages=455–459}}
• {{Cite report |title=Benchmarking Reasonableness of Service Charges by Banks in India |last=Das |first=Ashish |date=May 2024 |doi=10.5281/zenodo.11453947 |location=Indian Institute of Technology Bombay |via=Zenodo|url=https://www.math.iitb.ac.in/~ashish/workshop/Service_Charges_Report_2024.pdf}}
• {{Cite news |date=23 May 2024 |title=IDFC First Bank named 'class apart' in report |url=https://www.thehindu.com/business/idfc-first-bank-named-class-apart-in-report/article68208508.ece |access-date=3 March 2025 |work=The Hindu}}
• {{Cite journal |last=Paul |first=Smita |date=May 2024 |title=A COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE OF PUBLIC AND PRIVATE SECTOR BANKS WITH SPECIAL REFERENCE TO SBI AND IDFC FIRST BANK |url=https://www.granthaalayahpublication.org/Arts-Journal/ShodhKosh/article/view/2992 |journal=ShodhKosh: Journal of Visual and Performing Arts |volume=5 |issue=5 |doi=10.29121/shodhkosh.v5.i5.2024.2992 |issn=2582-7472}}

Category:2015 establishments in Maharashtra

Category:Banks based in Mumbai

Category:IDFC First Bank

Category:Warburg Pincus companies

Category:Indian companies established in 2015

Category:Banks established in 2015

Category:Companies listed on the National Stock Exchange of India

Category:Companies listed on the Bombay Stock Exchange